Ambani’s big bang green energy foray and Go First’s IPO blues

24 June, 20218 min
0
Ambani’s big bang green energy foray and Go First’s IPO blues

Why read this story?

Editor's note: This is the sixth edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Surendar here. Apologies for the delay in shipping this week’s edition of the newsletter. We wanted to wait just a while and make sense of what was probably the most spectacular part of Mukesh Ambani’s address earlier today at the Reliance Industries Ltd AGM. No, it’s not the induction of Saudi Aramco’s chairman to the board of RIL. Neither is it the JioPhone Next launch that could very well disrupt the smartphone industry. What intrigued me the most is Ambani’s push for green energy.  Aviation has also been in the news this week. Jet Airways’s insolvency hearings finally moved a step ahead after the National Company Law Tribunal approved the resolution plan submitted by the Murari Lal Jalan-Kalrock Capital consortium. But it was something else that piqued our interest. Jayshree has picked an important development in …

You may also like

Business
Story image

How India’s retail shareholders are being left holding the can

Swiggy and Ola Electric’s plans to return to the public markets soon after big-bang IPOs leave investors with dilution, little prospect of returns and plenty of questions.

Internet
Story image

In India’s Lenskart IPO, a success for ADIA

The sovereign wealth fund’s big bet on the Indian eyewear company, Microsoft’s AI win in the Emirates and other updates from the week.

Business
Story image

Conglomerates, duopolies and domination hamper India

The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.